For SaleCondominiumAkiya

Fushimi Corpo

Minami-nijujo-nishi 15-chome, Chuo-ku, Sapporo-shi, Hokkaido
  • Roof balcony
Asking Price
¥5,500,000
Fushimi Corpo - 1/15
1 / 15

Executive Summary

This is a 7-story steel reinforced concrete (SRC) condominium built in May 1973, located in Minami-nijujo-nishi 15-chome, Chuo-ku, Sapporo-shi, Hokkaido. Transportation is a 2-minute walk from Ropeway Iriguchi Station on the Sapporo Streetcar Line. The unit is on the 2nd floor, featuring a 1LDK layout with a floor area of 58 sqm, a 6.99 sqm balcony, and a roof balcony. Main facilities include an elevator, a system kitchen, city gas, an FF-type heater, and a closet. Renovation history includes replacing the flooring and re-wallpapering all rooms completed in April 2018, and updating the kitchen and water heater completed in April 2021. Land rights are ownership, and the zoning is Quasi-Residential Zone. The current status is vacant, and handover is negotiable.

Property Details

Building Area
58.0 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
SRC
Built Year
1973
Floors
Floor 2 of 7
Earthquake Std.
Old Seismic Standard
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Quasi-residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Partly outsourced
Building manager
Daytime
Management company
MMSマンションマネージメント
Owners' association
Yes
Total units
39 units

Utilities & nearby

Gas
City gas

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.09%
Est. Net Yield
0.23%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

If sold after 10 years (before tax)
Annual return (IRR)
-1.3%
Net gain
¥-750,000
Gain on total investment -12.4%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥5,500,000+¥10,000¥-880,000-14.5%-14.5%
2yr¥5,500,000+¥30,000¥-860,000-14.2%-7.4%
3yr¥5,500,000+¥40,000¥-850,000-14.0%-4.9%
4yr¥5,500,000+¥60,000¥-830,000-13.8%-3.7%
5yr¥5,500,000+¥70,000¥-820,000-13.6%-2.9%
6yr¥5,500,000+¥80,000¥-810,000-13.3%-2.4%
7yr¥5,500,000+¥100,000¥-790,000-13.1%-2.0%
8yr¥5,500,000+¥110,000¥-780,000-12.9%-1.7%
9yr¥5,500,000+¥120,000¥-770,000-12.6%-1.5%
10yr¥5,500,000+¥140,000¥-750,000-12.4%-1.3%

Assumptions

  • Total investment ¥6,055,000 (price ¥5,500,000 + purchase costs ¥555,000)
  • Management fee and repair reserve: ¥250,800 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥555,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥90,000
Registration License Tax (title transfer)¥40,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥90,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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